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Tap into the enormous economic potential of the platform economy. Whether you are an innovative start-up or a longer established company, you might want to rethink or broaden your business model.
The Platform Economy is enabled by technological developments in connectivity, automation and algorithms, offering enormous financial benefits and added value to all its participants. In 2021, the value of top 100 digital platforms globally reached over $15 trillion and continues to grow.
The platform business model enables you to recognise/see the opportunities provided by the platform economy and to benefit from them;
Your platform business model:
In the platform economy, it’s critical that you’re vigilant from the start. Focus on ensuring excellent user experience supported by trust-building mechanism and clear data strategy. A robust approach is necessary to protect your platform business, whilst ensuring its long term viability and profitability, balancing growth and risks. More mature platforms should focus on strengthening their back office with proactive risks management and controls and close eye on changes in regulations.
At PwC we’re ready to help you to successfully join the platform economy and to seize the opportunities provided by it.